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November 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Bedford, Business Loans > State National Bank Bedford Business Loans > Car Washes Loan | ||||
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Bedford, Texas SBA Banks
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Bedford, Texas Bank Lends Money to Car Washes Company in Hurst, TexasA Bedford, Texas business loan can be yours. Learn how one firm got a $677,000 business loan from this Texas bank. This loan to a local firm is a good example of an SBA loan. State National Bank made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender STATE NATIONAL BANK This lender issued this SBA business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 8/10/2004 Loan Approval Gross Amount $677,000 Loan Approval from the SBA Of the total $677,000 loan amount, the SBA guaranteed $507,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Small Business Banks in Bedford, Texas
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